Often times the landlord in student housing.Long-term capital expenditures (roof, siding, etc.)Bad debt / unpaid rent (though your 10% vacancy factor will likely more than cover this if you are in a decent market)Legal (hopefully little to no costs)Advertising (A lot of free options these days so you may not need any budget here)Personally I think the maintenance factor is about right (Usually between $50-$150 per unit, per month - higher for single family / older properties).

Aside from the time factor, another great factor is safety.

I know the failed movie hall in DeWitt and the factory that was built for the company that never moved in are some recent black eyes in the area, but I think landing the drone testing center (even if you think it was just for a bid at Amazon) is a great thing for that area and crime continuously improving is always a good sign.

Sorry I slammed my post with multiple questions.

From the last deal I saw, many people worked locally at factories, retail stores, etc. and some higher paid tenants were commuting to the Temecula/Murrieta area and even down to San Diego.The market is anticipated to decline somewhat over the next 2-3 years, but no one knows for sure.

The most important factor is if you have or can create a team that you trust. 

Another important factor is with all the government industries in Huntsville, the area is almost recession proof because government spending continues when private insdustry is struggling.

Add that to the fact that my business right now has outgrown my current space and our biggest limiting factor is lack of space.

Also the amount of equity in the deal is a factor. I

Furthermore, it’s not just small towns; urban neighborhoods have also thrived and been reborn with the help of pioneering breweries; Great Lake’s Brewing Company helped resuscitate Cleveland’s Ohio City neighborhood after opening in 1988 (Sisson, 2017, p. 5).http://igrow.org/community-development/communities...When Brooklyn Brewery opened in the Williamsburg section of the borough in 1996, its neighbors were mostly deserted warehouses and factories.